Jeb Bush: Thinking of running in 2016

Jeb Bush is thinking about running for president in 2016. That's what he told a crowd of Republicans at a charity fundraiser in New York on Wednesday.

People have said that the former Florida governor has a good card on his side: Hispanic voters' credibility, something that Republicans have struggled to get.

Sternlicht: I'm a big fan of Jeb Bush

Barry Sternlicht, Starwood Capital chairman and CEO, explains why the thinks Jeb Bush should throw his hat in the ring and run as the Republican candidate for president.

"He has a Hispanic wife. He speaks Spanish. It will help the Republicans," Starwoood Capital Chairman and CEO Barry Sternlicht told CNBC earlier this month. "He's really made great progress in things that are critically important to the nation like education."